Traverse City vs Dearborn: Housing
| Traverse City | Dearborn | |
|---|---|---|
| Median Home Value | $415,400 | $218,800 |
| Median Gross Rent | $995/mo | $1,327/mo |
| Homeownership Rate | 63.7% | 68.4% |
| Rent as Share of Income | 16.1% | 24.4% |
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024.